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  • Top-10 ranking in sight for Tadawul
     

    Saudi Arabia’s stock exchange is expected to quickly rank among the world’s 10 most active markets if it opens up to international investors.

     
  • Jadwa Saudi Chartbook – March 2012 – Banking
     

    Bank deposits rose for the fifth consecutive month in January, with demand deposits accounting for the entire rise to reach almost 60 percent of total bank deposits. Bank excess deposits at SAMA remained very high, giving scope for further lending growth.    

     
  • Jadwa Saudi Chartbook – March 2012 – Trade
     

    According to Jadwa Investment’s March 2012 Chart Book,  “Non-oil exports hit a new all-time high in December owing to greater production of petrochemicals and plastics. Imports also jumped that month and data on letters of credit issued for imports suggest further rises are likely in the months ahead.”  

     
  • What to Know About the TASI Opening
     

    Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time. The initial step toward this action was to give other GCC countries the right to invest […]

     

MUST-READS

  • Kemitt expands into Saudi Arabia bolstered by new funding round

    Kemitt, Egypt's leading e-commerce marketplace for furniture and home accessories, proudly announces its expansion into the Saudi Arabian market. This strategic move is bolstered by a recent undisclosed funding round, underscoring the growing investor confidence in Kemitt’s innovative business model and robust growth trajectory.

  • Saudi Arabia’s growth this year marred by lower for longer oil output

    Saudi Arabia's economic growth will likely be one of the slowest among the Gulf Cooperation Council (GCC) countries this year, according to a Reuters poll of economists who lowered growth forecasts from three months ago due to extended oil output cuts. The Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, were expected to start raising production this year but in June said the reductions would continue well into 2025.

  • Saudi government agencies boost emerging tech adoption by 10% in 2024

    Saudi Arabia’s government and businesses are advancing technology adoption and investing in programs to digitally upskill the population. A new report by the Digital Government Authority revealed that the performance index of Saudi government agencies in Emerging Technologies Adoption has improved significantly by 10% compared to last year, rising from 60.3% in 2023 to 70.7% in 2024.

  • New Saudi AI model to advance radiology diagnosis

    King Abdullah University of Science and Technology (KAUST) and Saudi Data and Artificial Intelligence Authority (SDAIA) have released MiniGPT-Med, a new vision-interfaced large language model, designed to provide faster and more efficient radiology diagnosis. The new model was built using Meta’s Llama 2 for the language component and the university’s MiniGPT-v2 as a vision-language alignment backbone.

  • Three Saudi companies acquire fund behind world’s tallest tower

    The Saudi Arabian fund behind what will be the tallest tower in the world has been acquired in a $1.8 billion (SAR6.8 billion) deal. Kingdom Holding Company, Sumuo Holding Company and Jeddah Economic Company (JEC) have signed an agreement to take ownership of the Al Inma Jeddah Economic Fund, which is currently wholly owned by JEC. The fund’s Jeddah Tower will be more than 1,000m high. The surrounding development, located in the Obhur district in the north of the city, will measure an estimated 1.7 million square metres.

  • Saudi Arabia Discusses Enhancing Industry, Mining Cooperation with Türkiye

    Deputy Minister of Industry and Mineral Resources for Industry Affairs Khalil Ibrahim Ibn Salamah discussed enhancing cooperation between Saudi Arabia and Türkiye in the industrial and mining sectors. During his official visit to Türkiye alongside several officials from the Saudi private sector, the deputy minister discussed promising investment prospects in both countries and the joint development of their industrial capacities. The visit is part of the efforts of the Kingdom’s industrial and mineral resources system to develop industrial partnerships with Türkiye.

  • Saudi Arabia has sufficient uranium to diversify energy mix: Al-Khorayef

    Minister of Industry and Mineral Resources Bandar Al-Khorayef said that Saudi Arabia has sufficient quantities of uranium to meet its need to diversify the energy mix, noting that the search for uranium and other minerals is still ongoing. He also stressed the importance of the mining sector as the third pillar of Saudi industry.

  • Saudi Arabia’s General Authority of Civil Aviation and Lilium to collaborate on development and implementation of eVTOL regulation in the Kingdom

    The partnership will start by setting up a joint Working Group preparing the regulations in Saudi Arabia for the introduction of regional electric air mobility. Dedicated sub-working groups for infrastructure, air operations, airworthiness, and airspace integration, led by GACA and strongly supported by Lilium, are to jointly discuss, accelerate, develop, and implement the necessary regulatory and procedural framework.

  • Saudi Arabia is investing heavily to accommodate greater religious tourism

    Aligned with the Kingdom’s Vision 2030, the already popular religious destination is seeking to attract more than 30 million religion tourists per year by 2030. The city of Mecca (Makkah) has hosted the annual Hajj pilgrimage for more than 14 centuries. The Hajj journey is completed over a period of five days and the city also hosts Umrah pilgrims year-round.

  • Saudi PIF and Envision Energy form JV to boost renewables

    The JV will focus on manufacturing and assembling wind turbines and components, including blades, nacelles, and hubs. Under the agreement, Envision Energy holds the majority share in the JV, while PIF and Vision Industries hold the remainder. This collaboration supports Saudi Arabia’s goal of localising 75% of renewable energy components by 2030, in line with the Saudi Ministry of Energy’s National Renewable Energy Program.